Apollo Global Management has agreed to acquire Nippon Sheet Glass (NSG) in a transaction valued at approximately $3.7bn, marking one of the largest private equity deals in Japan and the firm’s biggest investment in the market to date, according to a report by the Financial Times.
The deal will see NSG raise around JPY165bn through a share issuance to Apollo, alongside a tender offer to acquire minority stakes at JPY500 per share, representing a premium to the previous closing price. The transact...
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